On 11 October 2014, the Russian Government adopted Resolution No. 1044 On Approval of the Programme to Support Investment Projects in Russia Based on Project Financing Arrangements (as amended on 21 February 2015), providing government support for investment projects implemented through project financing schemes.
In 2015, FPC’s project to acquire 34 double-decker carriages for the Moscow — Samara route was included in the register of investment projects supported by the Government in accordance with the above Resolution.
The total project cost is RUB 3.1 billion including VAT, specifically:
Using the framework provided by the said Resolution, the Company plans to purchase 176 more double-deckers within the next three years to service the Moscow — Voronezh, Moscow — Saint Petersburg, Saint Petersburg — Adler and Adler — Rostov routes.
Acquisition of advanced rolling stock also uses other state support measures, particularly interest rate subsidies on loans to purchase double-decker carriages. These subsidies are provided for by Russian Government Resolution No. 1223 dated 19 November 2014 as amended by Russian Government Resolution No. 1277 dated 27 November 2015 (“Resolution No. 1223”).